target company


Also found in: Dictionary, Thesaurus.
Related to target company: target

Target company

Often used in risk arbitrage. Firm chosen as an attractive takeover candidate by a potential acquirer. The acquirer may buy up to 5% of the target's stock without public disclosure, but it must report all transactions and supply other information to the SEC, the exchange the target company is listed on, and the target company itself once the 5% threshold is hit. See: Raider.

Takeover Target

A publicly-traded company that is the object of a takeover, especially, but not necessarily, a hostile takeover. That is, another company is interested in buying the takeover target, often by buying its shares with the intent of obtaining a majority stake without the authorization of its board of directors. An acquiring company identifies takeover targets based on a variety of factors, including share price and growth potential; it may buy up to 5% of the takeover target without publicly disclosing its intentions. A takeover target is also called a target company.

target company

A firm that is the object of a specific action unwanted by its management, such as a takeover attempt or an antitrust suit. Also called takeover target. Compare raider. See also in play, takeover, toehold purchase.
References in periodicals archive ?
As at the date of this announcement, the Target Company is a party
Currently, the Target Company owns the world's leading usedlubricating oils recycling technology.
Legacy Liability Insurance: Legacy liability insurance is a broad risk transfer solution addressing successor liability for claims arising from prior acts by the target company.
In addition, the acquirer will require its proposals to be recommended by the independent directors of the target company - namely, those directors who are not part of the management buyout team.
Staying ahead of these changes by quickly reinforcing its corporate structure and further expanding its business scope, the Target Company plans to pursue sustained growth through sales expansion and strengthening of its production system and efficiency.
A publicly held target company could have several layers of ownership, from certificated shareholders to shares held in custody by a myriad of bank or broker custodians.
A merger of a privately held company into a publicly held company allows the target company shareholders to receive a public company's stock, despite the liquidity restrictions of SEC Rule 144a.
The plain language would seem to encompass agreements between acquiring companies and employees of the target company.
Other options for a company that doesn't wish to assume significant debt levels from an acquired company would be to require the target company to sell assets and reduce the debt level, or spin off a piece of the company prior to closing.
If no deal is reached with the target company by the contract deadline, it becomes the initial strike target.
The Offeror, currently a wholly-owned subsidiary of Quantum Leaps Corporation ("Quantum Leaps") as of the date hereof, is a corporation whose main purpose is to acquire and hold shares in the Target Company.
solar energy solution in the markets where the target company operates (the target market )